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Updated about 9 years ago on . Most recent reply

User Stats

22
Posts
1
Votes
Eldon Mitchell
  • Investor
  • Atlanta, GA
1
Votes |
22
Posts

Methods & stratergies to Continue investing

Eldon Mitchell
  • Investor
  • Atlanta, GA
Posted

Hello everyone, Im a first time home buyer and i used a FHA to Purchase a townHouse. My goal is to keep for a year and then rent it out, but its a new construction home and it wont be ready until Feb 2017. So all they have is a down payment/ernest money. any advice on how do continue to invest while this process is waiting to be completed? or any input or advice on the whole process in general? thanks

Most Popular Reply

User Stats

732
Posts
137
Votes
Steve Haight
  • Las Vegas, NV
137
Votes |
732
Posts
Steve Haight
  • Las Vegas, NV
Replied

@Eldon Mitchell

Yes I see using your credit on your main deal kinda stretches you out? Yes there are many ways to opm deals, I started in real estate 30 years ago with no money and still use different strategies to this day. Had a Dr client of mine that did a JV without his own money ended up with 2k per month cash flow on a 30 unit apartment complex just for putting the deal together. There are many ways to skin that cat.

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